HTX to Distribute $8000 Celebrating Launch of Flexible Crypto Loans in Bitcoin and USDT

On December 2, cryptocurrency exchange HTX introduced crypto loans in Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) with dynamic interest rates and zero fees. To mark the occasion, the exchange will distribute 2.7 billion HTX tokens as part of the “Borrow and Earn” promotion, according to a blog post on the trading platform.

HTX plans to expand the list of supported assets in the future. Interest rates on flexible crypto loans are adjusted in real-time according to market conditions.

“The product targets both retail and institutional investors. Users can borrow and repay loans at any time based on their needs,” the press release states.

To participate in the “Borrow and Earn” promotion, users must borrow USDT by December 8. The exchange will distribute 2.7 billion HTX based on the user’s share of total crypto loan expenses.

“If by the end of the event the volume of flexible loans in Tether reaches 30 million USDT, the prize pool for the next stage of “Borrow and Earn” will be doubled, allowing users to receive more rewards,” exchange representatives comment.

HTX is a cryptocurrency exchange founded in 2013. The platform supports spot, futures, and P2P trading.

Previously, HTX rebranded its Liquid Restaking service and introduced its updated version called SmartEarn. Users of the service receive an annual yield of 6% for holding USDT in futures accounts.